Although BAT, XTZ, and EOS had been under strain during the month of December, prices picked up pace over the past few trading sessions which painted a picture of optimism for the altcoins. Basic Attention Token [BAT] Source: BAT/USD, TradingView While BAT’s price tried to gain momentum since mid-December after a difficult start to the...Read More
While Bitcoin, the world’s largest cryptocurrency, was happy to consolidate its position on the price charts, most of the altcoin market was witness to a bloodbath, with a host of cryptocurrencies depreciating significantly. XRP, understandably, was one of the worst-hit, with Dogecoin and Bitcoin SV following suit. XRP Source: XRP/USD on TradingView XRP, one of...Read More
An actual Bitcoin ETF does not exist in the current financial industry (YET). Over the years, many organizations such as Bitwise have thrown in their hats to launch a BTC ETF but time and time again, SEC has shot it down. Yet, Grayscale Bitcoin Trust is as close to an ETF as it gets. With...Read More
The last few days haven’t been great for most of the crypto-market, with many of the industry’s altcoins seeing red on the charts, having failed to build on the impetus provided by Bitcoin’s price movement. While hikes were momentary, subsequent corrections have been significant in the cases of Bitcoin Cash, Tron, and Cosmos. Bitcoin Cash...Read More
Since crossing its previous ATH on 16th December, Bitcoin has done considerably well to maintain a position above $21,900 since the 17th. The king coin has not spent this much time at all-time high levels in the previous phases of bull run, and it continues to baffle the market. Over the past few days, other...Read More
The impact of Bitcoin’s bullish movement on the rest of the market wasn’t meant to last as many alts that did register brief hikes across the board when BTC climbed to a new ATH, were also quick to register corrections. In light of Bitcoin’s market dominance of 68%, one can expect these altcoins to soon...Read More
Chainlink’s performance in the 2nd half of 2020 can only be described as turbulent. While the asset recorded a new high of $20, it fell down by 60% over the next 30-days. The price began to rally yet again and a 105% hike between October and November re-opened fresh bullish prospects. Sadly, due to its...Read More
Thanks to Bitcoin’s overwhelming market dominance, the altcoin market’s high correlation stats with BTC shouldn’t be unexpected. Despite Bitcoin maintaining its bullish position on the charts, many of the market’s alts haven’t quite replicated that movement, with the likes of Monero, Dash, and Augur moving in the opposite direction instead. Monero [XMR] Source: XMR/USD on...Read More
With Bitcoin holding firm between $22,500 and $23,500 for the past few days, one would expect the market’s altcoins to hold steady and consolidate as well. However, while Bitcoin has remained bullish, many alts were unable to sustain their market momentum, with the likes of Binance Coin, Chainlink, and EOS exhausting themselves on the price...Read More
Bitcoin’s $23,000 price breach lifted the broader altcoin market over the past week. This is evident by the fact that altcoins have risen in tandem with the king coin. However, minor corrections in Bitcoin’s price have also seen altcoins move into red territory. Altcoins like ETC as CRO have been more prone to these corrections,...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Consensus dictates that the cryptocurrency market is a bull market right now. And yet, Tezos has fallen by 58% since 13 August. In fact, during the latest price rally in November, the crypto-asset hardly...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Bitcoin SV recently registered a drop quite similar to the one witnessed on 25 November, with BSV treading a similar support level too. Although a lot of altcoins are in disarray, some are trending...Read More
Bitcoin’s correction was a drag on the broader market and it saw altcoins like Tron, Waves, and FTX Token move lower on the charts. While Tron and Waves seemed to have been drastically affected by Bitcoin’s movement, FTT’s daily loss was minimal compared to the other two. Tron [TRX] Source: TRON/USD, TradingView Tron’s price has...Read More
After Bitcoin, the world’s largest cryptocurrency, registered a slight correction in its price, altcoins such as Bitcoin Cash, NEM, and Decred followed suit and fell down the charts too. Bitcoin Cash [BCH] Source: BCH/USD, TradingView Bitcoin Cash’s price registered a lot of volatility in the month of December. At the start of the month, the...Read More
With Bitcoin’s price undergoing a slight correction on the charts, many of the market’s altcoins were reading red, at the time of writing. In fact, popular altcoins like Chainlink, Cosmos, and Dash saw their prices fall by up to 16 percent in the past 24-hours alone. Chainlink [LINK] Source: LINK/USD, TradingView Chainlink’s performance over the...Read More
Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice Bitcoin’s market has been trending lower over the past few days and in light of its correlation with the rest of the market, the altcoin market is dipping too. Ethereum, the world’s second-largest...Read More
Among the likes of Litecoin, Steem, and Zcash, LTC seemed to be the only alt holding up as its 2-month returns stood at a staggering 126% at press time, while the rest were in negative territory. With the alt season on its way, these altcoins might see some positive changes in their price soon and...Read More
Altcoins Bitcoin SV, Ontology, and Compound were trading in the red at press time, unable to sustain recent levels that were set after Bitcoin’s momentous $23K price breach. Bitcoin SV [BSV] Source: BSV/USD, TradingView So far, December has been a rough month for Bitcoin SV as it has been unable to sustain the level it...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice The Bitcoin market has been surging at press time, while the market of Chainlink has been noting a drop. This inverse relationship between the two has been because of the low correlation between the...Read More
Inspired by Bitcoin’s recent price surge, altcoins Monero and Algorand shot higher along with the broader market, while Stellar went against the trend and registered a decline in price. Stellar Lumens [XLM] Source: XLM/USD, TradingView Unable to sustain the upward momentum set by Bitcoin’s price, Stellar has seen a volatile month of December. Last week...Read More
Cardano’s price is witnessing a roller-coaster ride and is currently trading at $0.1506 with a market cap of $4.7 billion making it the 10th largest crypto in the world. With bitcoin treading slow, altcoins have a chance to surge, and the same opportunity can be seen with Cardano. Cardano 4-hour chart ADAUSD TradingView As seen,...Read More
The altcoin market took a bit of a beating over the past few hours as many large-cap coins turned red on the charts. Bitcoin Dominance rose to show 68.68% at the time of writing, Ethereum saw a rejection at $640 in recent hours and was likely to test the $583 level of support. Zcash was headed...Read More
Litecoin mounted a strong defense of the $100 level but was headed lower once more, with $108 being a level bulls would seek to defend. Cosmos bounced feebly off the $4.8 level following a bullish divergence, but bears pushed the prices lower and could flip it to resistance and Dogecoin retraced some of the gains...Read More
Bitcoin Cash is currently facing a period of sideways movement in the chart. The asset moved to $379 on 21st December, but a strong bearish onslaught declined its valuation down to $308. While a key pair of supports were breached in the process, the uncertainty in the short-term chart remains evident for Bitcoin Cash, as...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice The cryptocurrency market has been forming crests and troughs with no major price swings. The Binance Coin has also been currently moving higher on the price scale after the price dropped to $30. At...Read More
Bitcoin rose above $23,000 once more but the altcoin market posted losses over the same time period. At press time, the king coin was being traded at $23,561 with a 24-hour trading volume of $26.9 billion. Source: CoinStats Chainlink bounced off a level of support but bears were determined to drive the prices further down....Read More
Binance Coin lost some of its recent gains, and despite the bearish strength, bulls have a hope of defending the $30 level. The same could not be said for IOTA as it appeared likely to drop to an imminent level of support. Algorand reversed directions a few days ago and could retrace all the gains...Read More
The last three days for Ethereum have been brutal. After capturing a position above its previous high of $637 for 48 hours, the asset has depreciated strongly and dropped briefly under $600 over the past day. Currently valued at $602, Ethereum faces its previous resistance again at $637 and over the next few days, it...Read More
Cardano had a long-term bullish outlook as it traded above the mid-range after establishing and sweeping key highs and lows. Yet its short-term momentum was bearish, and a retest of the $0.149 support was likely. Monero dropped beneath a level of support and could head as low as $140 before the bulls step in. Basic...Read More
Chainlink and Tezos broke out of a descending channel more than a week ago but were unable to sustain the bullish momentum. Tezos even failed to achieve its breakout target as bears steadily drove prices lower, and had the upper hand at the time of writing. Dogecoin saw a strong surge a few days back...Read More
